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Delhi-NCR based real estate developer Gaurs Group has raised INR 440 crore through its first public issuance of non-convertible debentures, marking a significant milestone in its capital-raising strategy. The issue, fully subscribed by leading domestic mutual funds, highlights growing institutional confidence in the group's financial strength and execution capabilities. The funds will be deployed toward land acquisition, project construction, repayment of high-cost borrowings, and other corporate requirements. With a strong development track record across residential townships and large-format projects, the latest fundraise is expected to provide Gaurs Group greater financial flexibility to support expansion while maintaining a disciplined capital structure.
Gaurs Group has successfully raised INR 440 crore through the issuance of non-convertible debentures (NCDs), strengthening its balance sheet and providing fresh capital to support future growth initiatives. This marks the group's first public debenture issuance and represents an important step in diversifying its funding sources. Advertisement
The NCD issue was fully subscribed by three leading mutual funds, reflecting robust institutional appetite for the group's credit profile. Issued by the holding company, Gaursons India Pvt Ltd, the debentures will be listed on the National Stock Exchange, enhancing transparency and market visibility.
The proceeds from the issue will be utilised across multiple business requirements, including acquisition of land parcels, construction and execution of ongoing and upcoming projects, repayment of higher-cost loans, and general corporate purposes. The capital raise is also expected to improve liquidity management and reduce overall borrowing costs.
Commenting on the development, the company highlighted that strong investor response underscores its financial resilience and growing credibility among institutional investors, while enabling expansion plans to be pursued with a prudent capital structure.
Gaurs Group has developed over 100 million square feet of real estate and delivered approximately 75,000 residential units across 70 projects, including three integrated townships. The latest fundraise positions the developer to accelerate execution while continuing to strengthen its long-term growth platform in the Delhi-NCR market.
Source - PTI
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